Commodity investments drop the most in 11 months

Commodity investments fell $27 billion in April, the most in 11 months, on record sales of gold exchange-traded products, Barclays said. Assets under management dropped to $385 billion from $412 billion in March, the biggest decline since May 2012, London-based Barclays said in a report.
Net redemptions in gold were a record 182 metric tonne worth $8.7 billion in April followed by another 99 tonne in May, it said. The Standard & Poor’s GSCI Total Return Index of 24 raw materials fell 4.7% in April, the biggest drop since May 2012………………………………………..Full Article: Source